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Here’s what AMFI expects from Budget 2021
Mutual Funds need parity with ULIPs.
Harsh ChauhanJanuary 23, 2021/8:52 AM IST -
Mutual fund AUM rises 17% in 2020 on the back of debt and equity funds
Mumbai: A massive rally in the equity markets since May bringing in heavy inflows into equity ETFs and open-ended debt funds has helped mutual fund AUM grow 17 per cent to top the Rs 31-lakh-crore-mark in 2020, which is 1 percentage point lower than 2019, according to a report. During the year, the 44-player industry […]
Press Trust of IndiaJanuary 23, 2021/8:33 AM IST -
Budget 2021 must focus on resolving demand-side issues: India Ratings
Mumbai: The budget must redirect the government focus in resolving demand-side issues by moving away from fixing supply side problem which has been the focus since March when the pandemic began to pummel the economy, says a report. The pandemic induced lockdowns resulted in the economy tanking 23.9% in the June quarter but made a […]
Press Trust of IndiaJanuary 23, 2021/7:59 AM IST -
Reliance Industries Q3 results: Net profit rises 12% on strong momentum at retail, Jio
Billionaire Mukesh Ambani’s Reliance Industries on January 22 reported a better-than-expected 12% rise in December quarter net profit on improving oil-to-chemical business, strong continued momentum in retail and steady telecom unit Jio. Consolidated net profit in October-December stood at Rs 13,101 crore, compared to Rs 11,640 crore net earning in the same period a year […]
Press Trust of IndiaJanuary 23, 2021/7:02 AM IST -
Reliance Jio Q3 results: Net profit rises 15.5% to Rs 3,489 crore
Jio Platforms recorded 15.5% quarter-on-quarter rise in net profit to Rs 3,489 crore for October-December 2020, its parent firm Reliance Industries Limited said on Friday. Jio Platforms, which provides digital and telecom services, had posted a net profit of Rs 3,020 crore in the previous quarter. The revenue of the company stood at Rs 22,858 […]
Press Trust of IndiaJanuary 23, 2021/6:52 AM IST -
Jan Dhan accounts cross 41 crore: Finance Ministry
New Delhi: The Finance Ministry has said that more than 41 crore people benefited from the Pradhan Mantri Jan Dhan Yojana (PMJDY), a flagship scheme of the government to promote financial inclusion. As on January 6, 2021, the total number of Jan Dhan accounts stood at 41.6 crore. “Govt. committed to #FinancialInclusion to all citizens. […]
Press Trust of IndiaJanuary 22, 2021/3:35 PM IST -
Budget 2021: About 50% industry respondents feel Budget will revive their biz: Deloitte survey
New Delhi: About 50% of the industry respondents feel that the upcoming Union Budget will revive their business, while a vast majority are optimistic about economic recovery and demand growth, according to a Deloitte survey. While some respondents also feel that raising the tax exemption limit for individuals will boost private consumption and investment, about […]
Press Trust of IndiaJanuary 22, 2021/3:06 PM IST -
Saved more during tough times. Now, don’t let the effort go waste
A major impact of the Covid pandemic has been that individuals have become very cautious with their money. The first instinct for many people has been to cut down expenses, especially ‘unnecessary’ ones. And as a result increase savings. This kind of action is a positive as far as the money management is concerned. However, […]
Arnav PandyaJanuary 22, 2021/2:55 PM IST -
Here are India’s most-preferred digital wallets
Over the past few years, digital payments have witnessed tremendous growth in India. This growth has been largely driven by digital wallets and Unified Payments Interface (UPI). And this is visible from the fact that UPI transactions have been rising consistently, making a new high every month for the past six months. For instance, UPI […]
Harsh ChauhanJanuary 22, 2021/2:51 PM IST
